Closed-end Funds

Closed-end funds are a popular type of investment whose shares are listed on a public stock exchange or traded on the over-the-counter market. Like other publicly traded securities, their value fluctuates and is determined by supply and demand.

Investors, both large and small, can purchase shares in these funds like in open-end funds (best known as mutual funds). They are managed by a team of professionals in accordance with the fund's unique investment philosophy, objectives and policies. Fund managers can invest in stock, bonds or a combination of both. Unlike open-end funds they have a fixed number of shares outstanding and once they have an initial public offering they will be traded much like a stock.

The securities mentioned herein are used for illustrative and informational purposes only. They should not be regarded as an offer to sell or as a solicitation of an offer to buy any security. Past performance is no guarantee of future results- investors can and do lose money. Closed-end.com does not sell, offer or provide any investment advice. We provide no opinion regarding the value, suitability or profitability of any particular security, portfolio of securities or investment strategy. Your investment decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs. Always consult with your own personal financial advisor, attorney, CPA or other qualified professional.